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HomeBusinessRK Damani, owner of Dmart is now among world's 100 richest people.

RK Damani, owner of Dmart is now among world’s 100 richest people.

RK Damani is now counted among the top 100 richest people in the world. the media-shy business owner has entered the list of the world’s 100 richest men.

The media-shy billionaire investor with a net worth of $19.2 billion is positioned at the 98th spot in the list compiled by Bloomberg Billionaires Index. 

He was at 117th position last year in the global list of billionaires and was the fourth richest Indian with a net worth of $16.5 billion. other billionaires on this list are Gautam Adnani, Mukesh Ambani,  Lakshmi Mittal, Azim Premji, Shiv Nadar, Pallonji Mistry. 

The stock market investor who earned a reputation by investing in value-oriented stocks in the 1990s before getting into the organized retail business with the flagship brand DMart has seen his fortune soar by $4.3 billion or 28% so far in 2021.

A good deal of the gains has been led by Damani’s biggest holding Avenue Supermarts, whose stock has jumped 32% so far in 2021. 

Despite devoting much of his time to DMart, Damani continues to make investments in an individual capacity. 

Known to keep a low profile, he rarely gives any interviews to the media. Damani also imparted stock trading techniques he used to ace investor Rakesh Jhunjhunwala.

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